#doge
● Possible decline from the perspective of technical analysis
● From the technical indicators, there has been a significant decrease in trading volume, falling below the average level, and the Directional Movement Index (DMI) level has converged to a certain point, which reflects that there is a certain degree of uncertainty among traders, which makes the bulls take a wait-and-see attitude. This situation may lead to a decline in prices. Moreover, some bearish volatility is expected in the short term, which may hinder the rebound process and cause the token price to decline slightly by 7% - 8% 1 .
● If the Dogecoin price falls below important support levels, such as the previous price break below the $0.35 threshold (previously an important support level), it will indicate that the bearish momentum continues to dominate and further declines are possible 2 .